BTC possible ABC correction to 38k?
If we doesnt reclaim monthly resistence 58822 there is a chance we visit 38k level. Why?
I have several confluences for this number: weekly level, GAP, ABC 1.272 target of Fib. Extension, 0.382 Fib. Retracement of whole wave 3 (this healthy retracement means wave 4 for me, then wave 5 to 100k+)
Now I am waiting for breaking the lower triangle trendline + retest, then I will open short position.
Good luck traders :)
I have several confluences for this number: weekly level, GAP, ABC 1.272 target of Fib. Extension, 0.382 Fib. Retracement of whole wave 3 (this healthy retracement means wave 4 for me, then wave 5 to 100k+)
Now I am waiting for breaking the lower triangle trendline + retest, then I will open short position.
Good luck traders :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.